Title : The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018
link : The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018
The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018
Because the blog has so many posts each day, it's easy for some great reader comments to get buried; missed by others.Go to this post from earlier today, and note this comment from a reader:
November 15, 2018: see first comment ... really, really interesting, especially the "crude oil" observation:If in fact, the US is able to consistently produce in excess of 12 million bopd -- that's quite remarkable. Especially if one notes that:
That's the last gas injection; Kemp's graphs show heating demand closer to mid-December norms ...https://fingfx.thomsonreuters.com/gfx/ce/7/1949/1948/US%20NATURAL%20GAS%20SELECTED%20INDICATORS.pdfThe unexpectedly high crude inventories have been telling me that [US crude oil] production has been under reported; line 13 of the weekly U.S. Petroleum Balance Sheet (unaccounted for crude) has been averaging north of 500,000 bpd for two months: https://www.eia.gov/petroleum/supply/weekly/pdf/table1.pdfProduction + imports - exports should equal oil refined + oil stored.My guess is that US production has been running over 12 million bopd at least a couple weeks now.
- the number of rigs is well down from what it could be
- the Permian is nowhere near its potential; the Permian is in its very, very early stages
- interesting things are going on in the Bakken
-
- much, much better wells
- newly fracked wells are positively affecting existing, producing wells
- most shale fields are constrained by takeaway capacity and/or other issues
- it seems US shale operators are barely breaking a sweat
Thus Article The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018
That's an article The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018 with the link address https://mylivemyidea.blogspot.com/2018/11/the-data-suggests-us-has-been-producing.html
0 Response to "The Data Suggests The US Has Been Producing In Excess Of 12 Million BOPD For The Past Two Months -- November 15, 2018"
Post a Comment